Kabbage raises a record $700 million in debt for its SMB loans platform

Loan platform Kabbage — which offers quick assessment and approvals for small business loans using machine learning algorithms that pull data from dozens of sources — has closed another large securitization as it continues to grow its operations. The company said has closed an asset-backed securitization of $700 million, which it …

SoftBank Vision Fund says its team will balloon to a whopping 800 people by late next year

SoftBank Vision Fund has its pedal to the metal in more ways than one. On stage at the Milken Institute Global Conference yesterday, the CEO of SoftBank Investment Advisors, Rajeev Misra, reportedly disclosed plans to double the size of the investment arm from 400 employees to 800 employees over the …

OpenAI Five crushes Dota2 world champs, and soon you can lose to it too

Dota2 is one of the most popular, and complex, online games in the world, but an AI has once again shown itself to supersede human skill. In matches over the weekend, OpenAI’s “Five” system defeated two pro teams soundly, and soon you’ll be able to test your own mettle against …

Spatial raises $8 million to bring augmented reality to your office life

Legitimate augmented reality use cases are hard to come by. Spatial, which dubs itself as a cross-reality platform, is launching today with $8 million in seed funding from iNovia Capital, Uber co-founder and Expa founder Garret Camp, Samsung Next, Joi Ito of MIT Media Lab, Mark Pincus and Andy Hertzfeld to bring …

After Equifax breach, US watchdog says agencies aren’t properly verifying identities

A federal watchdog says the government should stop relying on the credit agencies to verify the identifies of those using government services. In a report out this week, the the Government Accountability Office said several government departments still rely on the credit agencies — Equifax, Experian and TransUnion — to …

Lightfoot gets $4M to nudge more drivers to go smooth with a ‘Fitbit for cars’

UK car tech startup lightfoot, which sells a telematics system that gives real-time feedback to drivers combined with a rewards platform to further incentivize good driving, has picked up £3.2 million (~$4M) from London-based early-stage venture fund BGF. Former Dyson CEO, Martin McCourt, also contributed to the investment, and will join …

Adobe brings new Amazon and Google integrations to Magento

It’s only been a few months since Adobe launched its Commerce Cloud, based on its $1.6 billion acquisition of Magento. Today, at its Imagine 2019 conference, the company announced a number of updates to Magento that focus on expanding the platform’s reach for the small- and mid-size businesses that use …

Why You Should Double Check Your TSA PreCheck and Global Entry Status Right Now

You might be in for a rude surprise the next time you try to pass through airport security with your PreCheck or Global Entry membership. It has been five years since the Transportation Security Administration (TSA) began issuing PreCheck and Global Entry status. Those who were early adopters of the …

UPDATED: CRISPR scientist in China claims his team’s research has resulted in the world’s first gene-edited babies

Update: The story is getting even more convoluted. When contacted by TechCrunch’s Rita Liao, a representative at the hospital that supposedly approved Jiankui He’s study stated “what we can say for sure is that the gene editing process did not take place at our hospital. The babies were not born …